More stockpile purchases by South Korea
South Korea’s Public Procurement Service bought 300 tonnes of refined tin for January delivery at its latest tender which closed on 5 December. The purchases of MSC tin were made from LG International at premiums of $425/t for 100 tonnes of 99.9% metal and...Indonesian producers cool on Governor’s call for sales halt
A call by Bangka Belitung province Governor Rustam Effendi for Indonesian producers to halt shipments in order to support tin prices has not received much support, according to Bloomberg. The governor told reporters today that officials planned to meet producing...ICDX previews new trading initiatives
The Indonesia Commodity and Derivatives Exchange (ICDX) put forward several new initiatives to boost participation by international tin buyers at the ITRI China Annual Tin Reception in Sanya. Chief Product and Services Officer Stella Lukman invited feedback on a...Shanghai Futures Exchange plans to launch tin contract soon
Shanghai Futures Exchange is moving forward with the launch of a tin contract and has already delivered the application to China Securities Regulatory Commission, Mr. Ye Chunhe, Vice General Manager announced at ITRI China’s Annual Tin Reception in Sanya, Hainan...AETI sees big drop in 2015 Indonesian exports
The President of the Association of Indonesian Tin Exporters (AETI), Jabin Sufianto, predicted a decline in tin shipments to below 70,000 tonnes in 2015. Speaking at ITRI China’s Annual Tin Reception in Sanya, Hainan, he attributed the expected fall in sales to...Korean stockpile announces latest tin purchases
At its fifth tender of this year South Korea’s Public Procurement Service (PPS) bought 300 tonnes of Malaysian tin via LG International, bringing total purchases in the year to date to 1,200 tonnes. The tin is due to arrive at Incheon port by 15 December, with...Indonesian smelters predict lower sales in fourth quarter
A poll of Indonesian smelters carried out by Bloomberg gave a median forecast of exports in the fourth quarter of this year at 16,000 tonnes, as a result of lower prices and stricter controls. “Shipments may slow this quarter as prices have dropped to near the...Indonesian September exports higher than predicted
Preliminary data released by Indonesia’s trade ministry today showed that 5,442 tonnes of tin was checked prior to shipment by surveyor companies in September, up by 51% compared to August. The tonnage checked comprised 5,252 tonnes of refined tin ingot, 69...Indonesian sales remain slow
Sales of refined tin on the ICDX exchange dropped to the second lowest monthly total on record in September, as sellers held out for higher prices. Monthly turnover in September was 2,550 tonnes, down by 47% compared to August. In interviews with Bloomberg and Reuters...
